You have finally made the decision to buy a house. Now what? This is a big decision because a house is a big investment. It is probably the most expensive single asset that you will own. That means you should do all that you can to make sure that you are making smart decisions every step of the way.
You probably have some ideas as to which area you would like to live in. Do some research on the neighborhoods that you are interested in. Drive around and get a feel of it. If you have children, check out the schools that are in the area. The important thing is that you get a good feel of it before you go any further.
Look for an Arizona real estate agent who has experience with homes in the neighborhood that you are interested in. They have a wealth of information that you can benefit from. They have statistics of the average home prices, crime rates, transportation issues, etc. Ask them to provide you with a profile of these neighborhoods. This is one way to ensure you that the neighborhood fits what your expectations are.
If financing, get pre-approved for a home loan. You should find out how much house you can afford, before you set your eyes on that beautiful mountain view house. Getting pre-approved also gives you an advantage to making an offer right away and possibly having it be the first offer received by a seller that has just listed their home. Some sellers don't want to deal with many showings, as it is an inconvenience to their daily life that may include removing small children or pets prior to any showings. If this is the case, they may just entertain the first offer received.
When your agent is taking your around to see homes that are on the market, take a notebook with you. If the seller allows it, take a video or pictures of the interior of the properties that you tour and write down notes. You will be seeing many properties. If you do not take notes, you may get the information of one house mixed up with another. Make notes on anything you see that could be a concern, like repairs that may need to be made. These are things that will be factored in as you make a purchase decision.
When you are ready to make an offer, make a realistic offer. Consider the days on market and have your agent find out what the sellers motivation is, as well as getting comps for the recently sold properties in the neighborhood. If you make a lowball offer without any basis, the seller may think that you are not a serious buyer and may just reject your offer without even countering it.
Buying a house is a big decision for you and your family. Do not rush into it, use good judgment, and you will find the perfect home. Contact REMAX Arizona today!
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